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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originaring Department: <br />Presented By: <br />Agenda Item No.: <br />9/08/2009 <br />Shawn Napier, P.E. City Engineer <br />Council Date: <br />Airport <br />Planning and Development <br />23. <br />9/14/2009 <br />Director <br />RECOMMENDED MOTION: Move to approve a resolution to approving and accepting an assignment of <br />the lease agreement between the City of Paris and Toby Rex Adams for property at Cox Field Airport to <br />Chad Parrot and authorizing the City Manager to negotiate and execute all necessary documents. <br />POLICY ISSUE(S): <br />Private hanger lease <br />BACKGROUND: <br />The Airport Board recommended the lease agreement transfer from Toby Rex Adams to Chad Parrott. <br />The 30-year lease ends March 31, 2033. <br />BOARD/COMMISSION RECOMMENDATION: <br />The airport advisory board voted to approve the transfer on February 19, 2009 by a vote of 6-0. <br />EXHIBITS: <br />Resolution, lease agreement <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report ~ Resolution <br />gudgeted Amt. <br />$ <br />❑ Presentation ❑ Ordinance <br />y'I'D Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administrarion Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police Z Eng./Public Works ❑ Utilities <br />City of Paris <br />Revised 2/04/08 <br />- _.,..13J <br />